Chapter · Master Ondo Finance
Eligibility, buying and redemption
Access starts with eligibility: you complete KYC and confirm you qualify under the rules for your country, and some products are restricted to certain investor types. To buy, you typically mint the token by depositing eligible funds; to exit, you redeem it back for its underlying value. Redemption is not always instant. There can be settlement windows and cutoff times, so your cash may take some time to arrive. Rules and timelines vary by country and by product, which is exactly why you must read the terms first.
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What you get asked
Order the steps to buy and later exit a tokenized Treasury product
Eligibility and terms come before any money moves. Minting is the entry, redemption plus settlement is the exit. Read first, click second.
What is the first gate before you can buy one of these products?
Identity and eligibility checks come first. Some products further limit who may hold them, so confirm you qualify before anything else.
To exit, you ___ the token back for its underlying value, which may take time to settle.
Redemption is the exit: you hand back the token and receive the value behind it, subject to the product's settlement window.
Why can't you always assume redemption is instant?
Behind the token sit real bonds and real banking rails. Moving that value back to cash can involve windows and cutoffs, not a single click.
Why does the lesson keep insisting you read the terms before buying?
The details that decide your real experience, who can hold it, what it costs, how fast you can leave, live in the terms. Rules vary by country, so read yours. 🐜
The rest of this chapter
Tokenized US Treasuries: real-world yield on-chain, and how redemption really works.